The shareholders of Poland’s PGE EJ1, the company charged with managing the country’s planned first nuclear power station, have signed a letter of intent outlining the potential takeover of the company by the Polish state.
According to PGE (Polska Grupa Energetuczna), majority owner of PGE EJ1, the document was signed yesterday between itself, minority shareholders ENEA, KGHM Polska Miedź and Tauron Polska Energia, and the state treasury.
In September 2014, PGE sold to ENEA, KGHM Polska Miedź and Tauron Polska Energia a 30% of its stake in PGE EJ1. Each of the three minority owners agreed to receive an equal 10% share in the acquisition.
…